Bill Text: HI HB1404 | 2010 | Regular Session | Amended

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Bill Title: General Excise Tax; Additional Tax Exemptions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Enrolled - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [HB1404 Detail]

Download: Hawaii-2010-HB1404-Amended.html

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CONFERENCE COMMITTEE REP. NO. 178

 

Honolulu, Hawaii

                 , 2009

 

RE:    H.B. No. 1404

       H.D. 1

       S.D. 1

       C.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir and Madam:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1404, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO GENERAL EXCISE TAX,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this bill is to make the general excise tax exemption amendments for timeshare operators and condominium submanagers permanent.

 

     Your Committee on Conference has amended this bill by:

 

(1)  Establishing a cap of $400,000 on amounts not taxable for:

 

(A)  Managers, submanagers, or board of directors of an association of apartment owners or of certain nonprofit homeowners or community associations pursuant to Section 237-24.3, Hawaii Revised Statutes (HRS); and

 

(B)  Hotel operators pursuant to Section 237-24.7, HRS.

 

(2)  Extending the general excise tax exemption amendments for timeshare operators and condominium submanagers by one year to December 31, 2010;

 

(3)  Making this measure effective upon its approval; and

 

(4)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1404, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1404, H.D. 1, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

 

____________________________ ROSALYN H. BAKER, Chair		____________________________ MARCUS R. OSHIRO, Chair
____________________________ DONNA MERCADO KIM, Co-Chair